Tag: energy

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Slovenia's central bank green-lights Mol takeover bid for Slovnaft

May 10, 2019, 11:01 am
The National Bank of Slovenia (NBS) has approved the voluntary public offer Hungarian fuels group Mol made to the shareholders of Slovnaft for all outstanding shares not yet held by Mol. Through this... 

CO2 emissions decreased moderately in Hungary in 2018

May 8, 2019, 4:25 pm
In 2018, carbon dioxide (CO2) emissions from fossil fuel combustion significantly decreased by 2.5% in the European Union, compared with the previous year, Eurostat, the statistical office of the EU, estimates... 

Some EU members ask to step up climate action - leaked "non-paper"

May 8, 2019, 1:59 pm
While Hungary has just set climate targets that are less ambitious than the respective goals of the European Union, eight EU member states have launched an appeal to boost EU climate action ahead of... 

Renewable power capacity stalls for 1st time since turn of millennium

May 7, 2019, 9:35 am
After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about... 

Record production, new wells unable to remedy Mol’s biggest headache

May 3, 2019, 9:30 am
Hungarian oil and gas group Mol has released its earnings report for the first quarter of 2019 on Friday. In an adverse external environment Mol reported slightly worse-than-expected key profits that showed... 

Hungary set to lose gas pipeline dispute with Austria

May 2, 2019, 1:02 pm
The third phase of an open season on the Hungary-Slovakia-Austria corridor failed last week, suggesting Hungary’s plan to divert the BRUA project into Slovakia is unlikely to succeed, Interfax Global... 

Hungary Mol seen past some torpid times

April 30, 2019, 4:03 pm
Hungarian energy group Mol is set to release its first-quarter 2019 earnings report on 3 May. Analysts project its Clean CCS EBITDA to show a 4% year-on-year decline, and that its operating profit and... 

Hungary stops receiving Russian oil

April 26, 2019, 1:41 pm
Ukraine's oil pipeline operator JSC Ukrtransnafta suspended transit shipments of Russian crude oil through the Druzhba (Friendship) main pipeline late on Thursday, saying the oil does not comply with quality... 

Price of diesel to go up in Hungary again

April 24, 2019, 2:03 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of diesel by HUF 1 per litre on Friday, but the price of 95-octane gasoline will not be changed. The average price of diesel is going... 

Future of Hungary's gas supply route becomes uncertain

April 18, 2019, 11:13 am
The future of gas transmissions via Ukraine is uncertain therefore Hungary has signed an agreement with Gazprom to have the Russian company transmit gas Hungary will need next year already in 2019, said... 

Norwegian gas could reduce Hungary's dependence on Russia

April 17, 2019, 9:35 am
The European Commission is providing 215 million euros of funding for the Baltic Pipe connecting the Danish and Polish gas transmission systems, which could help diversify Hungary’s gas supply, as... 

Hungary MVM to set up joint venture with Russia's Rusatom

April 16, 2019, 9:32 am
A Memorandum of Understanding was signed for the establishment of a joint venture by the Hungarian Electricity Works (MVM) and Rusatom, a member of Russian state nuclear energy corporation Rosatom, at... 

Hungary Mol enters into recycled plastic compounding by acquisition

April 15, 2019, 1:22 pm
Hungarian energy group Mol has announced on Monday that it has signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants located nearby automotive manufacturing... 

Hungary Mol to raise fuel prices further

April 15, 2019, 12:57 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 5 per litre and that of diesel by HUF 4 per litre each on Wednesday. The average price of gasoline is... 

Hungary Mol to buy outstanding Slovnaft shares

April 12, 2019, 4:45 pm
Hungarian energy group Mol has announced on Friday that it is going to make a voluntary public offer to the shareholders of Slovnaft a.s. for all outstanding shares not yet held by Mol. Through this... 

Hungary's Mol faces no risk of hostile takeover attempts - Hernádi

April 12, 2019, 1:49 pm
Hungarian energy group Mol held its annual general meeting on Thursday. Chairman-CEO Zsolt Hernádi talked with analysts and journalists after the AGM about the main trends at the company and in the sector.... 

Hungary under increased pressure to restore original BRUA route

April 12, 2019, 9:40 am
Pressure mounts on Hungary to restore the original route of the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline, reported Interfax Global Energy, a site that is generally well-informed in natural gas... 

Hungary would buy 25% stake in Krk LNG terminal

April 8, 2019, 5:16 pm
Under particular circumstances Hungary would buy a 25% stake in the liquefied natural gas (LNG) terminal on the island of Krk, Croatia, said Tomislav Coric, Croatia’s Minister of Environmental Protection... 

Motor fuels to become more expensive in Hungary

April 8, 2019, 4:08 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 3 per litre and that of diesel by HUF 2 per litre each on Wednesday. The price of petrol has last been... 

Hungary is 2nd largest nuclear heat producer in Eastern Europe

April 5, 2019, 9:51 am
In 2017, there were nuclear reactors in operation in 14 European Union Member States. As regard nuclear heat production, Hungary is 9th in the EU and 2nd in Eastern Europe. There were nuclear reactors... 
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